The 18 Best Annuity Death Benefits

Shawn Plummer

CEO, The Annuity Expert

If you’re shopping for the best annuity death benefits for estate planning purposes, look no further. Below are the best contracts with riders designed to enhance an inheritance for heirs. I’ll update this list regularly.

These annuities are ideal for:

What should I do if I can’t get life insurance?

If you have been declined life insurance coverage due to a pre-existing medical condition, don’t fret. You can:

  • Wait 2 years to apply again.
  • Purchase an annuity with an enhanced death benefit.

There is no medical underwriting for annuities, therefore you can apply for the next best thing.

Find The Best Life Insurance Coverage At The Cheapest Cost!

Compare life insurance quotes from 25 companies in seconds. Then, apply for coverage in less than 10 minutes.

What are Enhanced Death Benefits?

Like income riders, enhanced death benefits are designed to maximize an inheritance without any medical underwriting, a life insurance alternative. These annuities can be attractive for people who expect only to live only a short time due to poor health.

Typically this benefit comes with an additional cost, but sometimes it’s built into the contract.

Standard annuity death benefits apply in these contracts, and you can consider this as an “upsell” to your current contract’s death benefit.

Warning* Be cautious of any waiting period. In exchange for an enhanced benefit with no medical underwriting, the contract owner will have to endure a “waiting period” to be eligible for such benefit.

Also, be aware of how the enhanced benefit is distributed after you pass away. Sometimes the benefit is paid out to your beneficiary in a lump sum, and sometimes the benefit is paid out over a period of time.

Why Buy an Annuity with Enhanced Death Benefits?

Below are a few reasons why people purchase annuities with enhanced death benefits:

AnnuityTypeRatingRider Fee
Americo LibertyMarkIndexedA0.30%
Athene AccumulatorIndexedA0.95%
Pacific Life Index DimensionsIndexedA+0.40%
Fidelity & Guaranty Prosperity EliteIndexedA-1.5%
Great American Legend IIIIndexedA0.95%
Americo ClassicMarkIndexedA0.30%
Great American Safe ReturnIndexedA0.95%
Nationwide New HeightsIndexedA0.50%
Athene AgilityIndexedANone
Great American Custom 10IndexedA0.90%
Great American Legend 7IndexedA0.95%
Pacific Indexed FoundationIndexedA+0.40%
Allianz 222IndexedANone
Americo FutureMark (Legacy)IndexedANone
Global Atlantic Choice Accumulation IIIndexedA0.50%
Nassau Personal Protection ChoiceIndexedB+1.15%
Athene BCA 2.0IndexedA0.85%
Columbus Life AccountMaxFixedA+0.35%

The Best Life Insurance

Related Reading

Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

Scroll to Top